Most stocks pay dividends on a standard quarterly schedule, but there are a select few that pay shareholders monthly. This allows for faster compounding if those dividends are reinvested every month. Also, monthly dividend payments offer better income timing if those dividends are used to pay living expenses. In this article, we’ll take a look at three of the highest-yielding monthly dividend stocks, noting the risk and reward potential for all three.
Monthly dividend payers tend to be somewhat riskier than traditional dividend stocks, and the three we’ll look at are no exception. However, they do offer very high yields as compensation. Monthly dividend stocks to consider are: Orchid Island Capital (NYSE: ORC), Armour Residential REIT (NYSE: ARR) and Oxford Square Capital Corp. (NASDAQ:OXSQ).
Source: InvestorPlace
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